The global technology industry experienced a 24% decline in the number of batteries-related patent applications in Q1 2024 compared with the previous quarter. The total number of batteries-related grants dropped by 8% in Q1 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Technology: Patents Trends Q1 2024 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.

Notably, the number of batteries-related patent applications in the technology industry was 3,367 in Q1 2024, versus 4,437 in the prior quarter.

The top five companies accounted for 45% of patenting activity

Analysis of patenting activity by companies shows that Contemporary Amperex Technology filed the most batteries patents within the technology industry in Q1 2024. The company filed 589 batteries-related patents in the quarter, compared with 943 in the previous quarter. It was followed by Panasonic with 352 batteries patent filings, BYD (265 filings), and Samsung SDI (216 filings) in Q1 2024.

Patenting activity was driven by the US with a 26% share of total patent filings

The largest share of batteries related patent filings in the technology industry in Q1 2024 was in the US with 26%, followed by China (23%) and Japan (19%). The share represented by the US was 4% higher than the 22% share it accounted for in Q4 2023.

For further understanding of GlobalData's Technology: Patents Trends Q1 2024, buy the databook here.

This content was updated on 18 April 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.